Key facts
- •NAB EFTPOS Simple Pricing is published at 1.05% for Visa, Mastercard, eftpos and UnionPay cards, subject to terms
- •Terminal rental is $25/month for standalone and integrated machines, with a $0 setup fee and no fixed-term contract
- •Negotiated pricing is also available to merchants who meet NAB's criteria. Your agreed rate can differ from Simple Pricing
- •NAB states same-day settlement to a NAB Business Everyday Account when settled before 9:30pm AEST
- •Merchant Choice Routing is available with Simple Pricing. It routes contactless debit over the eftpos network and does not guarantee savings
- •From 1 October 2026, NAB says businesses can no longer surcharge debit, prepaid and credit cards, including American Express and UnionPay International
What does NAB charge per transaction?
NAB's published rate for its EFTPOS machines under Simple Pricing is 1.05% per transaction, covering Visa, Mastercard, eftpos and UnionPay cards, subject to terms, with terminal rental of $25 per month for standalone and integrated machines. Merchants who meet NAB's criteria can apply for negotiated pricing instead. These are alternative pricing options, not charges paid together. NAB's pages do not state GST treatment or separate rates for other card types, so confirm those with NAB.
| Provider / product | Transaction fee | Monthly fee | Hardware |
|---|---|---|---|
| QwikPay | $0.00Zero fees | Subscription | None - QR code or in-App |
| NAB EFTPOS Simple Pricing | 1.05% (Visa, Mastercard, eftpos, UnionPay) | $25/mo terminal rental | Standalone or integrated terminal; $0 setup fee |
| NAB negotiated agreements (alternative to Simple Pricing) | Contact NAB for the agreed rate | Contact NAB for the agreed charges | Depends on agreement |
Rates are NAB's published terms for its EFTPOS machines. The 1.05% rate is for NAB EFTPOS machines and does not apply to online products or NAB's app-based option, which are priced separately. Verify current rates directly with NAB.
What does NAB cost per month in real terms?
Using the published Simple Pricing rate of 1.05% and one $25/month terminal:
- $10,000/month in card payments: $105 processing + $25 rental = $130/month ($1,560/year)
- $25,000/month: $262.50 + $25 = $287.50/month ($3,450/year)
- $50,000/month: $525 + $25 = $550/month ($6,600/year)
These examples assume eligible Simple Pricing, qualifying card payments, one terminal and constant monthly volume for the annual totals. They exclude other fees, online products, customised rates and promotions. NAB's pages do not state GST treatment, so no GST has been added.
NAB compared with other providers
| Provider | Transaction fee | Monthly fee | Hardware | Settlement |
|---|---|---|---|---|
| QwikPay | $0.00Zero fees | Subscription | None - QR code or in-App | On-Demand Settlement |
| NAB EFTPOS Simple Pricing | 1.05% (Visa, Mastercard, eftpos, UnionPay) | $25/mo terminal rental | Standalone or integrated terminal | Same day to a NAB Business Everyday Account (before 9:30pm AEST); confirm other banks with NAB |
| Square | 1.6% (accounts opened on or after 30 May 2024; eligible older accounts may pay 1.9% on Reader, Stand or Tap to Pay) | $0 (Free plan) | Reader $65, or compatible smartphone with Tap to Pay | Free next-day transfers including weekends; instant transfers 1.95%, subject to eligibility |
| Tyro (rented terminal) | 1.3% | $19/mo (Pro Lite); $29/mo (Pro Touch, Pro Key) | Terminal rental | Depends on account and settlement conditions |
| Tyro (BYO smartphone app) | 1.3% | $0 rental | Compatible smartphone | Depends on account and settlement conditions |
| Zeller | 1.4% (1.2% with Zeller POS and Zeller Terminal; excludes third-party POS integrations) | $0 monthly terminal rental | Terminal 1x and Terminal 2: $99 promotional price (regularly $199), subject to availability | Following business day to an external bank account |
Rates are published standard in-person rates. Custom, negotiated and promotional pricing can differ. The other providers' rates come from their own pricing pages: Square, Tyro and Zeller. Tyro figures are Tyro's published standard rates, so confirm current Tyro pricing with Tyro.
Comparing full costs: a lower percentage does not automatically mean a lower total cost. Compare the processing rate plus terminal rental or hardware purchase, any software costs, your card mix and your payment channels. Businesses already banking with NAB may value consolidated banking and merchant services, and merchants who want to pay no rental may look at smartphone or purchased-hardware options. Your own volume and needs decide which structure costs less.
NAB settlement conditions
NAB's EFTPOS terminals page states same-day settlement when transactions settle to a NAB Business Everyday Account before 9:30pm AEST, with access to funds seven days a week. Settlement into other banks may differ, and settlement into an account is separate from when funds are available in it. Confirm the conditions, cutoff and any exclusions that apply to your account with NAB.
What is NAB's online payment product?
NAB's online payment product page, NAB Gateway, is at the former NAB Transact address. It handles online payments, phone and mail orders through a virtual terminal, and recurring payments. NAB lists a $0 setup fee, a $30 monthly access fee and a $0.25 transaction fee, plus a Simple Pricing merchant service fee that NAB's page shows as 1.30%. Confirm the current rate on NAB's page. These charges are separate from the 1.05% EFTPOS rate, which does not apply online. Check NAB for current product-specific charges and eligibility.
What is Merchant Choice Routing?
NAB describes Merchant Choice Routing as routing contactless debit transactions through the Australian eftpos network instead of the Visa or Mastercard networks, and says it is available with Simple Pricing. NAB's pages do not say it lowers the 1.05% rate or guarantees savings. Ask NAB how it affects your costs and whether it applies to your agreement.
What do the October 2026 card-surcharge changes mean for NAB merchants?
According to NAB's surcharging guidance, from 1 October 2026 businesses across Australia can no longer surcharge on debit, prepaid and credit cards, including eftpos, Mastercard, Visa, American Express and UnionPay International. Fees unrelated to payment method choice, such as weekend or public holiday surcharges, booking fees, delivery fees and service fees for genuine underlying services, may continue, but any fee tied to the payment method is a surcharge.
Merchant service fees continue. Many merchants already absorb card costs or reflect them in overall prices, so the effect varies. NAB says that from 30 October 2026 the major designated card schemes (Visa, Mastercard and eftpos) and large acquirers, like NAB, must publish their average merchant service fees quarterly, and that it will update merchant statements to reflect lower interchange caps from 1 October 2026 for domestic cards and 1 April 2027 for foreign-issued cards.
Accept payments with $0 transaction fees through QwikPay
QwikPay can sit alongside your existing NAB terminal as an additional payment option. QwikPay charges $0 per transaction on QwikPay payments, which are processed through the QwikPay wallet via QR code rather than a card network. QwikPay uses a business subscription model, so subscription charges may apply. Check current pricing and terms during onboarding.
Start accepting zero-fee paymentsFrequently asked questions
What are NAB's EFTPOS merchant fees?
NAB publishes Simple Pricing for its EFTPOS machines at 1.05% for Visa, Mastercard, eftpos and UnionPay cards, subject to terms, with terminal rental of $25 per month for standalone and integrated machines and a $0 setup fee. NAB's pages do not state GST treatment or separate rates for other card types, so confirm those with NAB. Negotiated pricing is also available to merchants who meet NAB's criteria.
Does NAB charge a monthly fee for merchant services?
NAB lists terminal rental of $25 per month for standalone and integrated EFTPOS machines. NAB describes merchant fees more generally as including transaction processing, terminal rental, chargebacks and service charges, so check your agreement for any other charges. NAB also says its app-based option has no machine rental.
Are NAB's rates negotiated or published?
Both exist. Simple Pricing at 1.05% is published for NAB EFTPOS machines, and negotiated pricing is available on application to merchants who meet NAB's criteria. Your actual rate depends on the agreement you are on, so check your own merchant agreement and statements.
How quickly are funds settled with NAB EFTPOS?
NAB states same-day settlement when transactions settle to a NAB Business Everyday Account before 9:30pm AEST, with access to funds seven days a week. Settlement into other banks may differ, so confirm the conditions that apply to your account. Settlement into a bank account and the availability of funds in that account are separate steps.
What is Merchant Choice Routing?
NAB describes Merchant Choice Routing as routing contactless debit transactions through the Australian eftpos network instead of the Visa or Mastercard networks, and says it is available with Simple Pricing. NAB's pages do not say it lowers the 1.05% rate or guarantees savings, so ask NAB how it affects your costs.
What does NAB charge for online payments?
Online payments are a separate product with separate charges, so the 1.05% EFTPOS rate does not apply. NAB's online product page, at the former NAB Transact address, describes NAB Gateway, with a $0 setup fee, a $30 monthly access fee and a $0.25 transaction fee, plus a Simple Pricing merchant service fee that NAB's page shows as 1.30%. Confirm the current rate on NAB's page. Check NAB for current product-specific charges.
What happens to NAB merchant surcharges after October 2026?
NAB says that from 1 October 2026 businesses across Australia can no longer surcharge on debit, prepaid and credit cards, including eftpos, Mastercard, Visa, American Express and UnionPay International. NAB says fees unrelated to payment method choice, such as weekend or public holiday surcharges, booking fees, delivery fees and service fees for genuine underlying services, may continue, but any fee tied to the payment method is a surcharge. Merchant service fees continue, and many merchants already absorb card costs or reflect them in overall prices.
Can I use QwikPay alongside my NAB terminal?
Yes. QwikPay is an additional payment option that sits alongside your existing card acceptance, so your NAB terminal can stay where it is. QwikPay charges $0 per transaction on QwikPay payments, but subscription charges may apply, so check current pricing and terms during onboarding.